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Cable Update (GBPUSD)

  • #343,641
  • Jul 7, 2013 4:45pm Jul 7, 2013 4:45pm
Hello all friends

Can somebody give me some idea about cable!
I have lost a lot during the fast fall of GBP !
And now I am waiting for some retracement to compensate at least some of my lost !
What's your advise friends.?
May I come out and accept the failure ?
Or wait more ? Now I'm really confused and can't deside!
Waiting for ideas
  • #343,642
  • Jul 7, 2013 5:09pm Jul 7, 2013 5:09pm
Quoting turk trader
Hello all friends Can somebody give me some idea about cable! I have lost a lot during the fast fall of GBP ! And now I am waiting for some retracement to compensate at least some of my lost ! What's your advise friends.? May I come out and accept the failure ? Or wait more ? Now I'm really confused and can't deside! Waiting for ideas
Start reading this thread & follow

http://www.forexfactory.com/showthread.php?t=436206

Yes, there will be pullback, and then watch for re-entry short - IF you have a system

It takes a lot for me to IGNORE you, but you can try.
  • #343,643
  • Jul 7, 2013 5:19pm Jul 7, 2013 5:19pm
Quoting turk trader
Hello all friends Can somebody give me some idea about cable! I have lost a lot during the fast fall of GBP ! And now I am waiting for some retracement to compensate at least some of my lost ! What's your advise friends.? May I come out and accept the failure ? Or wait more ? Now I'm really confused and can't deside! Waiting for ideas
I wouldn't be surprised to see a retracement early in the week but then again, I wouldn't be surprised if it keeps drifting lower either. It's in a confirmed downtrend on a crash course to 1.42.

My advice to you would be this. If you don't have a plan, you shouldn't be trading. Keeping losers open and hoping is not a plan.
  • #343,644
  • Jul 8, 2013 1:01am Jul 8, 2013 1:01am
Quoting BoringIsGood
{quote} I wouldn't be surprised to see a retracement early in the week but then again, I wouldn't be surprised if it keeps drifting lower either. It's in a confirmed downtrend on a crash course to 1.42. My advice to you would be this. If you don't have a plan, you shouldn't be trading. Keeping losers open and hoping is not a plan.

WORD!
  • #343,645
  • Jul 8, 2013 3:40am Jul 8, 2013 3:40am
Quoting turk trader
Hello all friends Can somebody give me some idea about cable! I have lost a lot during the fast fall of GBP ! And now I am waiting for some retracement to compensate at least some of my lost ! What's your advise friends.? May I come out and accept the failure ? Or wait more ? Now I'm really confused and can't deside! Waiting for ideas

If your account can accommodate a 200pip below 1.4830 then hang on cause their should be some form of retracement after 1.4830 but how far it would go is what nobody knows
  • #343,646
  • Jul 8, 2013 5:17am Jul 8, 2013 5:17am
Watch for 1.4950 to 1.5000 according to how you read price action / indicators / crystal ball / tea leaves / USA open / news / toes tingling / get the idea ?
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It takes a lot for me to IGNORE you, but you can try.
  • #343,647
  • Jul 8, 2013 6:14am Jul 8, 2013 6:14am
Quoting Erebus
Watch for 1.4950 to 1.5000 according to how you read price action / indicators / crystal ball / tea leaves / USA open / news / toes tingling / get the idea ? {image}

I DON'T THINK SOO!
  • #343,648
  • Jul 8, 2013 6:27am Jul 8, 2013 6:27am
Quoting Makavell
{quote} I DON'T THINK SOO!
You don't get paid to think, just read the price action
It takes a lot for me to IGNORE you, but you can try.
  • #343,649
  • Edited 7:31am Jul 8, 2013 7:19am | Edited 7:31am
Monday ranging , smaller moves , breaks 4917 for 4970/5028 limts , down with breaks 4857 chance remain intact till broken limits .lets see.

gold may to down again if 1245 limit intact & if so then others also shortly to try again fresh from more down levels.
fontu
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Click to Enlarge Name: goldh4.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,650
  • Jul 8, 2013 8:12am Jul 8, 2013 8:12am
Quoting Erebus
Watch for 1.4950 to 1.5000 according to how you read price action / indicators / crystal ball / tea leaves / USA open / news / toes tingling / get the idea ? {image}
Yeah, I think anywhere from 4950 area to 5030 or so is a good range to look for bearish PA.
Come with me if you want to live....
  • #343,651
  • Jul 8, 2013 1:20pm Jul 8, 2013 1:20pm
Quoting Ill-b-back
{quote} Yeah, I think anywhere from 4950 area to 5030 or so is a good range to look for bearish PA.
Hi

I sold it now at 4950 SL-5000, giving a try!

Regards,
dormin
"be content with your pay" - John the Baptist
  • #343,652
  • Jul 8, 2013 2:25pm Jul 8, 2013 2:25pm
!st limit just now broken 4963 & now limit for up goes 4913 for further up try , one smaller last leg up possible before the down next .
eu broken that limit before 2869 & next 2888 may even break & next goes 2823 .

Anyway breaks limit do mean open option for more correct & at the same time enough done & go what doing before , down another leg to try correct again.
the same as gold today , not breaks 1245 to have another leg down & carry all others also > morning formula still active .
so careful watching next pa .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,653
  • Jul 8, 2013 10:55pm Jul 8, 2013 10:55pm
Quoting Ill-b-back
{quote} Yeah, I think anywhere from 4950 area to 5030 or so is a good range to look for bearish PA.
Actually, considering the lack of retrace last week, I like 5130 area much better for a sell
Come with me if you want to live....
  • #343,654
  • Jul 9, 2013 12:11am Jul 9, 2013 12:11am
GBPUSD BUY

SL 1.4857
TP 1.5178

RISK LEVEL 3:1

I`m use MOUTEKI strategy for this signal
  • #343,655
  • Jul 9, 2013 12:51am Jul 9, 2013 12:51am
Wow what a move this pair did last week. And with the move Wave 4 should be completed, while at the same time double bottom was formed (I actually expected double bottom at 1.50, but sht happens ). It could go further down and make a false breakout to 1.47 (1.478 is monthly S2 and last week's S3) but it the bigger picture yearly S2 (1.483) should hold.

Below that I won't place another long, and just wait for the reversal. My avg is 1.51 now with target 1.59-160 where Wave 5 should end (1.64 in extension, or maybe a false breakout to 1.67). And from there I assume it will go straight down for 2000 pips till the end of the year.
Make it simple, but not simpler - Einstein
  • #343,656
  • Jul 9, 2013 2:44am Jul 9, 2013 2:44am
How much pullback does this pairing have in it ? Frustrating the bears at moment ?
Bullish candle yesterday on the daily as price continued to pullback off Friday's 4855 low...creating a fractal swing low lo on that daily t/f. 4 x HL's on the 1hr and 2 x HL's on the 4hr in this pullback...

4hr is below...yellow and red fibs are probably most significant. Uk data at 0930am London.

G/L
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ex member
  • #343,657
  • Jul 9, 2013 3:03am Jul 9, 2013 3:03am
Quoting bbmac
How much pullback does this pairing have in it ? Frustrating the bears at moment ? Bullish candle yesterday on the daily as price continued to pullback off Friday's 4855 low...creating a fractal swing low lo on that daily t/f. 4 x HL's on the 1hr and 2 x HL's on the 4hr in this pullback... 4hr is below...yellow and red fibs are probably most significant. Uk data at 0930am London. G/L {image}
Interesting 1 hour tf tells me the news is already written in. Looking for 4990 area from here which is a resistance area to me also gives around 100 range for the day. Could be wrong!
  • #343,658
  • Jul 9, 2013 3:05am Jul 9, 2013 3:05am
i think this is a bottom personally..bloody hope so ..
  • #343,659
  • Jul 9, 2013 3:07am Jul 9, 2013 3:07am
Quoting nAVIN2007
i think this is a bottom personally..bloody hope so ..
Pretty much every time frame says it is but who knows! Good luck as I'm in long too.
  • #343,660
  • Jul 9, 2013 3:09am Jul 9, 2013 3:09am
This and any other data (if not what the market was expecting ie the forecast consensus/if better or worse than last reading/any revisions to previous etc..) can cause a knee-jerk (+) market reaction....will see what happens...20mins to go

G/L

Quoting claudia1
{quote} Interesting 1 hour tf tells me the news is already written in. Looking for 4990 area from here which is a resistance area to me also gives around 100 range for the day. Could be wrong!
ex member
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